BTC/USD lost 1.5% on a daily basis amid correction. Tome Lee noticed strong growth of trading activity. Bitcoin is trading at $8,185, off the multi-month high at $8,488. The coin has lost 1.5% on a daily basis and gained 0.3% since the beginning of Thursday amid healthy correction from an overbought territory. At the same time, crypto volumes – digital currencies changing hands – on exchanges have seen a spike in activity. And bitcoin bull Tom Lee, head of research at Fundstrat, believes that we have received a strong signal that the worst is over. “It’s more evidence supporting a bottom,” he said in an interview with Business Insider. “A few weeks ago when bitcoin started to rally, skeptics dismissed the move saying there was no volume. Now we have massive jumps in volume,” he added. Bitcoin’s technical picture On the intraday level, BTC/USD is supported by 50-SMA (1-hour chart) at $8,187. Once it is broken, the downside may be extended towards 50.0% Fibo retracement at $7,862, folowed by 200-SMA at $$7,800. On the upside, $8,354 (61.8% Fibo retracement) remains the ultimate goal, followed by recent high at $8,488 and $8,500. BTC/USD, 1-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/JPY: On the defensive despite uptick in the treasury yields FX Street 5 years BTC/USD lost 1.5% on a daily basis amid correction. Tome Lee noticed strong growth of trading activity. Bitcoin is trading at $8,185, off the multi-month high at $8,488. The coin has lost 1.5% on a daily basis and gained 0.3% since the beginning of Thursday amid healthy correction from an overbought territory. At the same time, crypto volumes - digital currencies changing hands - on exchanges have seen a spike in activity. And bitcoin bull Tom Lee, head of research at Fundstrat, believes that we have received a strong signal that the worst is over. "It's more evidence… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
